What company is planning to build the $15 billion steel mill in Iowa, and what is its recent relevant activity?

Mesabi Metallics, a Minnesota company, is planning to build the $15 billion steel mill in Iowa; the company recently opened Minnesota's first new iron ore mine in 50 years.

What is the planned initial and potential future annual production capacity of the proposed steel mill?

The proposed steel mill would initially have an annual production capacity of 7.5 million tons, making it one of the largest steel plants in the US, with later additions potentially lifting capacity to about 10 million tons per year.

Trump to Unveil Planned $15 Billion Iowa Steel Project

Sep 28, 2026

President Trump will announce a $15 billion steel mill project by Mesabi Metallics in Iowa, featuring an initial annual capacity of 7.5 million tons to promote domestic manufacturing.

reuters

2026-09-28

Trump to Unveil Planned $15 Billion Iowa Steel Project

Trump to Unveil Planned $15 Billion Iowa Steel Project

FAQ